Euro (EUR) drifted lower, amid broad US Dollar (USD) rebound. Lingering political uncertainties due to French budget/government, hung parliament outcome in Dutch elections, French CPI underwhelmed, were among some of the factors weighing on EUR.
💡 DMK Insight
The Euro’s recent dip reflects deeper issues—political instability and economic data are weighing heavily. With the US Dollar gaining strength, traders should be cautious about EUR/USD positions. The uncertainty from France’s budget and the Dutch elections creates a volatile backdrop, especially with underwhelming French CPI data. These factors could lead to further weakness in the Euro, making it crucial to monitor key support levels. If EUR/USD breaks below recent lows, it could trigger more selling pressure. On the flip side, if the Euro manages to hold above these levels, it might present a buying opportunity for contrarian traders. Keep an eye on upcoming economic releases and political developments, as they could shift sentiment quickly.
📮 Takeaway
Watch for EUR/USD to hold above key support levels; a break could signal further downside, while stability might offer a buying opportunity.






